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MDxHealth nieuws 2016

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Misschien een nieuw onderzoeksdomein voor MDXH?
(enkel als inyteressante lectuur toegevoegd). gecopieerd uit Genome Web:

Study Finds Metastatic Prostate Cancer May Benefit From Precision Medicine Approach
Feb 29, 2016 | a GenomeWeb staff reporter
NEW YORK (GenomeWeb) – Metastatic prostate cancer may benefit from a precision medicine approach, according to a new study from Fred Hutchinson Cancer Research Center researchers.
As they reported today in Nature Medicine, the researchers used a range of genomic tools to analyze multiple tumors from more than 60 men with disseminated prostate cancer. From this, they found that an analysis of one metastatic tumor from a patient could capture the major oncogenic drivers present in all of that patient's disseminated tumors.

"If you look in multiple metastases within a given patient, they're actually very, very similar," senior author and Fred Hutch researcher Peter Nelson said in a statement. "They're not identical, but in terms of the key features of a cancer that would inform how best to treat that cancer, we can feel generally confident, at least with prostate carcinoma, that if you did sample a single tumor, you could make clinical decisions based on what you find."
Metastatic prostate cancer accounts for more than 27,000 deaths each year in the US, the researchers noted, and the most common way of treating it — suppressing circulating testosterone and thus the androgen signaling program — hasn't changed in 50 years.
Using a combination of whole-exome sequencing, array comparative genomic hybridization, and RNA transcript profiling, Nelson and his colleagues examined 176 primary or metastatic prostate cancer tumors taken at autopsy from 63 men. From this, they uncovered recurrent mutations in AR, ERG, TP53, RB1, SPOP, CHD1, and ZBTB16 — all genes previously linked to metastatic prostate cancer. They also noted a recurrent change in FOXA2.
Overall, the researchers found that the lethal prostate cancers harbored a set of changes that were found across all samples as well as ones that were unique to the particular individual. Two-thirds of the men had amplifications or mutations of the AR gene, a change that isn't common among untreated primary tumors. Despite having undergone treatment to suppress AR expression, many of the patients' tumors still had robust AR activity.
Within an individual's tumors, the researchers noted limited genetic diversity.
For instance, Nelson and his colleagues found that one patient exhibited AR copy gain, high AR activity, and a p53 mutation, but lacked a v-ets avian erythroblastosis virus E26 oncogene homolog rearrangement. Four other tumors from this patient showed the same characteristics. In addition, they noted that the tumors shared a subset of nonsynonymous single nucleotide variants, though each did have a few private mutations.
This and other findings suggested to the researchers that genomic analysis of one metastatic tumor might capture the range of alterations seen in that individual's other tumors, and suggest possible treatments.
"Although the analysis of a single metastatic tumor site clearly does underestimate the total burden of molecular aberrations found in the totality of all metastases, most drivers and actionable features are either represented as common roots across all tumors or result from convergent evolution…," Nelson and his colleagues wrote in their paper. "Although there are exceptions, these findings suggest that clinical decision-making on the basis of a biopsy from a sin
Nevertrustgovernment
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Zoals ik het lees is deze nog te innen (onzeker of dit gaat lukken) omzet nog niet meegenomen in de cijfers en dus extra als dit mocht lukken?
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Ja Harry ze zullen zeker een deel van de 20 miljoen aan niet-betaalde testen voor 2015 innen in 2016 (en later). Echter wetende dat de patiënt nooit aangesproken wordt voor de betaling zal deze inning enkel gebeuren in de mate dat MDX nieuwe terugbetalingscontracten kan afsluiten met private verzekereraars voor ConfirmMDX (die dan bovendien ook nog retroactief van toepassing worden).
Dus met andere woorden hoe meer nieuwe contracten in 2016 hoe meer van de niet-erkende omzet alsnog erkend gaat kunnen worden.
vreemdvermogen
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Als het om Medicare patiënten gaat, wordt het wel moeilijk. In het contact staat tot max 1200 tests of 3 jaar na ingang datum. Ook al geeft Pascual een positieve conclusie.
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I hope this will help (taken from wikipedia as source)

The revenue recognition principle is a cornerstone of accrual accounting together with matching principle. They both determine the accounting period, in which revenues and expenses are recognized. According to the principle, revenues are recognized when they are realized or realizable, and are earned (usually when goods are transferred or services rendered), no matter when cash is received.

In cash accounting – in contrast – revenues are recognized when cash is received no matter when goods or services are sold.

peebee
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quote:

BioStocks schreef op 1 maart 2016 09:35:

Ja Harry ze zullen zeker een deel van de 20 miljoen aan niet-betaalde testen voor 2015 innen in 2016 (en later). Echter wetende dat de patiënt nooit aangesproken wordt voor de betaling zal deze inning enkel gebeuren in de mate dat MDX nieuwe terugbetalingscontracten kan afsluiten met private verzekereraars voor ConfirmMDX (die dan bovendien ook nog retroactief van toepassing worden).
Dus met andere woorden hoe meer nieuwe contracten in 2016 hoe meer van de niet-erkende omzet alsnog erkend gaat kunnen worden.

De kosten van deze tests van ± 20 mio zitten wel in de cijfers van 2015.
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So from the Q4 & FY2015

The increased loss in Q4 2015 is attributable[/b[b]] to the costs associated with the acquisition of NovioGendix in Nijmegen, The Netherlands, the continued investment in commercialization efforts in the US and our evolving revenue recognition policies for ConfirmMDx sales.

The outlook is:

uncollected outstanding unrecognized revenues of $20.8 million, consisting of $1.7 million from Medicare and $19.1 million from private payors. This uncollected amount has been excluded from the Company's 2015 revenues. While collection efforts continue on these outstanding amounts, the timing and amount of actual collections is uncertain. MDxHealth's revenue recognition policy evaluates the certainty of payment on a payor-by-payor basis, currently resulting in a mixture of accrual based revenue recognition and cash based collections depending on our evaluation of certainty of payment. MDxHealth believes this revenue recognition policy is appropriate at this time. However, the recent Medicare coverage of ConfirmMDx has already resulted in an increased number of contracts with private payors as well as managed care contracts. The Company continues to expect to transition more payors to an accrual accounting basis resulting in increased revenue recognition in 2016.

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@ SJURVM of een andere snuggere Poster:
Wat betekent het bovenstaande nu in gewone menschentaal? Als ik die tekst hierboven zie dan moet ik al een native-english-accountant zijn om daar iets uit opte maken. Ik zou dus willen weten wat hierboven staat en wat dit betekent voor de nog ongeboekte inkomsten in 2016. TIA
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@Harryvanluik: Bij accrual accounting neem je de omzet bij geleverde dienst, onafhankelijk van het feit of je geld hebt ontvangen of niet. Bij cash accounting tel je alleen de omzet als het geld binnen is. Heeft dus o.a. met vertrouwen in betalingsgedrag van je klanten te maken welke soort je kiest.
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Weet iemand hoeveel omzet MDXH dit jaar verwacht van zijn partner Oncgnostics GmbH?
De distributeur die met Oncgnostics samenwerkt voor deze test, zet er alleszins vaart achter:
zie kopie
"Oncgnostics is pleased to obtain a license to MDxHealth's proprietary epigenetic technology for use in our cervical cancer diagnostics programs. This technology allows for the accurate and sensitive assessment of DNA methylation markers included in our first test GynTect®, which is intended for the early detection of cervical neoplasias that may progress to cancer,"

GynTect® is now available for distribution in Germany, Austria, Switzerland, France, England, Belgium, the Netherlands and Luxemburg. Further European countries as well as Northern America and different Asian states may follow soon."
JACKY CHAN
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quote:

harryvanluik schreef op 1 maart 2016 15:23:

Weet iemand hoeveel omzet MDXH dit jaar verwacht van zijn partner Oncgnostics GmbH?
De distributeur die met Oncgnostics samenwerkt voor deze test, zet er alleszins vaart achter:
zie kopie
"Oncgnostics is pleased to obtain a license to MDxHealth's proprietary epigenetic technology for use in our cervical cancer diagnostics programs. This technology allows for the accurate and sensitive assessment of DNA methylation markers included in our first test GynTect®, which is intended for the early detection of cervical neoplasias that may progress to cancer,"

GynTect® is now available for distribution in Germany, Austria, Switzerland, France, England, Belgium, the Netherlands and Luxemburg. Further European countries as well as Northern America and different Asian states may follow soon."

Dat kan nog een mooi verhaal worden. Ziet er zeker mooi uit voor de toekomst.
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Niet echt ze waren gewoon veel te duur vergeleken met Mdx. Op top zelf 15x duurder dat is toch niet normaal
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quote:

harryvanluik schreef op 1 maart 2016 15:23:

Weet iemand hoeveel omzet MDXH dit jaar verwacht van zijn partner Oncgnostics GmbH?
De distributeur die met Oncgnostics samenwerkt voor deze test, zet er alleszins vaart achter:
zie kopie
"Oncgnostics is pleased to obtain a license to MDxHealth's proprietary epigenetic technology for use in our cervical cancer diagnostics programs. This technology allows for the accurate and sensitive assessment of DNA methylation markers included in our first test GynTect®, which is intended for the early detection of cervical neoplasias that may progress to cancer,"

GynTect® is now available for distribution in Germany, Austria, Switzerland, France, England, Belgium, the Netherlands and Luxemburg. Further European countries as well as Northern America and different Asian states may follow soon."

From Oncgnostics website

...GynTect® is performed in selected molecular diagnostics laboratories for a net price of 260 €.
.. in Europe 65,000 new cases were diagnosed, 45,000 deaths were estimated for 2012...

That will give you a rough idea.
I hope that helps
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Ook goed nieuws

Published: 07:00 CET 02-03-2016 /GlobeNewswire /Source: MDxHealth (R) / : MDXH /ISIN: BE0003844611

MDxHealth Announces Inclusion of ConfirmMDx in 2016 NCCN Guidelines for Prostate Cancer Early Detection

IRVINE, CA, and HERSTAL, BELGIUM - March 2, 2016 - MDxHealth SA (Euronext: MDXH.BR), today announced that its ConfirmMDx® for Prostate Cancer test has been included in the United States' 2016 National Comprehensive Cancer Network (NCCN) Guidelines. The NCCN is an alliance of 23 world-leading cancer centers from across the US. The guidelines provide recommendations to ensure that patients receive diagnostic testing services and treatment that have been shown to improve clinical outcomes. The new guidelines are published online at www.nccn.org.

"We are delighted that the NCCN panel for early detection of prostate cancer included our ConfirmMDx test into these highly respected clinical guidelines. Inclusion in the guidelines establishes ConfirmMDx as a 'standard of care' for the management of men at risk for undetected prostate cancer," stated Dr. Jan Groen, Chief Executive Officer of MDxHealth. "This is the second MDxHealth test to be included in the NCCN guidelines, with PredictMDx for Glioblastoma added in 2013, and illustrates our commitment to delivering clinically valuable solutions to improve patient outcomes."

ConfirmMDx for Prostate Cancer is the first epigenetic, and only tissue-based test in the 2016 NCCN Guidelines for early detection of prostate cancer which addresses false negative biopsy concerns. It is the only molecular diagnostic test that provides a high negative predictive value (NPV) of 90% for all prostate cancers, and a NPV of 96% for clinically significant prostate cancers, as well as prostate mapping of the test results to help guide repeat biopsies. To date nearly 2,800 urologists have ordered ConfirmMDx on more than 40,000 patients. ConfirmMDx has qualified for Medicare reimbursement and is also available to more than 152 million insured lives via private health insurance plans.

"Gaining acceptance into the NCCN Guidelines has been at the core of our medical affairs strategy, and supported by our investment in building a strong dossier of clinical evidence," commented Christopher Thibodeau, Chief Commercial Officer of MDxHealth. "This is a major milestone for the Company which paves the way for widespread adoption of the assay within the US urology community, and as importantly, strengthens our position to negotiate with health insurance plans."

About ConfirmMDx® for Prostate Cancer
ConfirmMDx for Prostate Cancer helps urologists identify men who may forego an unnecessary repeat biopsy. Each year, more than 1 million American men undergo an invasive prostate biopsy with a negative result, however approximately 30% of those men actually have prostate cancer. The current standard of care for prostate biopsy procedures samples less than 1% of the prostate, leaving men at risk for undetected cancer and leading to a high rate of repeat biopsies, even on cancer-free men.

About MDxHealth®
MDxHealth is a multinational healthcare company that provides actionable epigenetic and molecular information to personalize the diagnosis and treatment of cancer. The company's tests are based on proprietary DNA methylation (epigenetic) technology and assist physicians with the diagnosis of cancer, prognosis of recurrence risk, and prediction of response to a specific therapy. For more information visit mdxhealth.com and follow us on Twitter at: twitter.com/mdxhealth.
Niks is wat het lijkt
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Inderdaad mooi nieuws!! Benieuwd of de koers nu echt wat gaat doen. Grote vraag is in wiens handen de aangeboden stukken van vorige week zijn terechtgekomen. Als het meeste bij een eindbelegger is terechtgekomen is kun je best herstellen. Zijn de stukken echter gedeeltelijk bij een handelaar (GSA) terechtgekomen dan krijg je die stukken nog weer een keer terug op de markt zodra je wat stijging ziet. Gezien het verloop van de laatste dagen lijkt het laatste het geval. Het boek lag aan de laatkant alweer bomvol tussen 3,20 en 3,30.

Enfin, het is in ieder geval positief nieuws voor de wat langere termijn. Mooie opsteker!
vreemdvermogen
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Mooi nieuws. Wat er zich allemaal afspeelt op de beurs is me een raadsel. Er zijn nu 1,5M stukken verhandeld. Eerst donderde de koers omlaag. Je zou denken dat er geshort werd, maar tot op heden geen melding. Daarna werd er stelselmatig ge en verkocht met kleine stapjes omhoog. Die blokken worden er bewust gelegd om het ruilhandeltje voort te laten gaan. Heb het gevoel dat ze nu zo'n beetje klaar zijn. Wel toevallig dan nu er mooi nieuws is gemeld. Weer een bewijs dat de producten van MDx er toe doen en dat MDx zelf goed bezig is. Eens moet dat op de beurs ook erkend worden.
JACKY CHAN
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Mooi om de dag te starten. Tegen huidige koers zeer koopwaardig en RSI geeft ook een koopsignaal.
vreemdvermogen
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Die Kevin Conroy kan MDx wel onder druk willen zetten met z'n uitspaken, maar ik geef Jan Groen het advies om z'n poot stijf te houden.
En als Cologuard een andere biomarker krijgt dan komt MDx met een verbeterde test op de markt. Ze zullen het geen Colosure noemen maar EvinceMDx of zoiets dergelijks.
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De acceptatie in de USA is toch SUPER nieuws!! Daar moet de koers sterk op reageren vandaag, zeker bij dit zeer groene beurssentiment!
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